For most people they stay on one island their entire life without truly adventuring off that island. If you’re going to achieve your goals or live a life outside of the norm, you will have to find a way to sail off that island. Sometimes one can envision the island but can’t fully see it. You will have to create a way if travel to the island. You will need to figure out what type of vessel you will need to get you to that next island. Without that vessel you will not be able to sail. Your vessel is your job and way to create income, propelling you forward. For example, if you have the wrong job it won’t get you to that next step. The most important thing you must do is know the direction and set your sails. Without setting your sails you will drift aimlessly and never reach your destination or full potential.

What Steps Does it Take to Reach Your Goals?

First, you must be able to envision the lifestyle you want to create. What does this mean? It means, what does your daily routine look like? Are you running a business? Do you have a family? Where will you be living? What is your ultimate goal? Is it financial independence (FI)?

Second, once you obtain your vision you have to figure out the means of how you will be getting to that point in your life. If your goal is to build FI, the most important thing to do is start obtaining assets that will create passive income, income you do not have to put “hours” in to obtain a paycheck. Passive income can include a multitude of things such as rental property, business ownership, E commerce, index stocks, etc. Once you start looking at these passive incomes you will need to know how much passive income you will need to live off of. $50,000. $100,000. $150,000. This number will be different for everyone as it goes back to the vision you have created for yourself and everyone’s vision is different. For example if your goal is to create $60,000 of passive income and accomplish through real estate, you would need to own a million dollars in real estate generating a 6% return after management fees, etc. If your business is E commerce, you will need to be able to sell enough profit at a high enough gross profit. If you are generating $300,000 at a 40% gross profit and a 20% expense load. The remaining 20% net will get you to your $60,000 net earnings.

As easy as the math sounds there will be many challenges along the way. There’s going to be roadblocks. There’s going to be storms. You will be told no time and time again. The key to your success is how mentally strong you are to get your end goal and creating the life you have envisioned. Your friends and family will most likely not support your ideas. Find your squad that’s going to support you and help you along the way. Those will be the ones that believe in you and help you get into the 1%. You are always the average of your 5 closest people you surround yourself with.

What’s the vision for your life? Let us know in the comments below.

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.